The NBA Players Association has said that they have rejected the owners' latest offer and are seeking to disband the NBA Players Association, that will likely put the season in dire straits.
The union also plan on filing an antitrust lawsuit against the NBA, a move similar to the NFL when they were locked out earlier this year.
NBA commissioner David Stern urged the players to accept their offer since that is the best the NBA can offer. The rejected deal called for an even 50-50 split of basketball related income, but the players feel that the deal still has too many restrictions for big spending teams that would limit their free agent options. Stern has said this deal was better than what one player rep said they would reject.
The next offer waiting for the players is most likely a 53-47 split favoring the owners and creating flex salary cap with a hard ceiling and rollbacks to current salaries.
David Stern has said the NBA is through negotiating and the NBA Players Association will know take the necessary steps to decertify.
The players have been locked out since July 1 and the end does not appear to be in sight.